16
Jun
2016

Peak Hosting drops basket with big golden egg, files for bankruptcy

Posted by
Peak Hosting CEO Jeffrey Papen
Peak Hosting CEO Jeffrey Papen

Oregon data center Peak Hosting has retreated from a “massive growth trajectory” and has laid off three quarters of its workforce (peaked at 200 f/t employees, now down to 50) and filed for bankruptcy after losing it’s biggest customer: mobile gaming company Machine Zone. The lost client was worth a reported $4 million/month in lost revenues.

 

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